Copy link
Increase text size
Decrease text size
Link copied

Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar

Mike Kennedy

Fri, 13 Sep 2019, 06:40 am UTC

Interstellar, a new company formed by Chain and Lightyear last September, has announced that it is spinning out a new app-focused company, called Pogo.

As per an official announcement, Pogo has been in stealth mode for some time and is focused on interoperability between mobile wallets around the world.

“Pogo is the kind of application that Stellar is uniquely positioned to enable, thanks to the network’s ability to create low-friction, high-liquidity, real-time corridors for FX settlement between financial entities,” Interstellar said.

The new company will be headed by Adam Ludwin, who will step down from his current roles as the CEO of Interstellar. He will be replaced by Mike Kennedy, founder of Zelle.

Interstellar touted Kennedy’s success noting that Zelle’s payment system is used by Chase, Citi, and Bank of America, among many others. It expects Kennedy and his team to “build powerful new services for Stellar.”

“Our success was because we were solving a real-world problem,” he said. “With Interstellar I see another opportunity to solve a real-world problem.”

He said that the Stellar Development Foundation (SDF) has developed “the best blockchain based payments network, enabling fast and inexpensive international payments.” However, Kennedy noted that certain parts of the ecosystem are not optimized, adding that a non-profit like SDF is not best suited to solve these.

“This is where Interstellar comes in. We will deliver these missing pieces of the puzzle to allow the Stellar network to achieve its potential,” he said. “We will solve the remaining problems, turbocharging adoption and growth — making international payments better for millions and millions of companies and end users.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.07.20 13:37:50
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $13,520.60 (-0.42%)
  • Ethereum (ETH) $383.00 (-2.22%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $261.01 (-2.46%)
  • Chainlink (LINK) $11.15 (-2.08%)
  • Bitcoin (BTC) $13,520.60 (-0.42%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.